Kaiser bringing forward plant outages

Apr 25, 2013 | 01:07 PM | Michael Cowden

Tags  Kaiser Aluminum, Jack Hockema, aerospace, automotive, general engineering, industrial, capacity expansion, maintenance inventory

CHICAGO — Kaiser Aluminum Corp. plans to bring forward its planned capacity expansion and maintenance outages in the wake of weaker-than-expected demand from some sectors and an inventory overhang in the aerospace market.

"While the headwinds are unwelcome, we will take advantage of the situation," Jack A. Hockema, chairman, president and chief executive officer of the Foothill Ranch, Calif.-based company, said during an earnings conference call with analysts.

Kaiser has scheduled equipment downtime at its Trentwood, Wash., facility for construction related to capital projects, as well as "major" maintenance projects at its operations in Newark, Ohio, he said.

The company has slated $80 million in capital spending for 2013, including a new casting complex and a 10-percent expansion in heat-treat plate capacity at Trentwood that should be online in early 2014, Hockema said. Kaiser also plans to spend $15 million to boost automotive extrusion capabilities at its facilities in Bellwood, Va.; Kalamazoo, Mich.; London, Ontario; and Sherman, Texas.....





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